Page 441 - SAIT Compendium 2016 Volume1

Table listing de nitions INCOME TAX ACT 58 OF 1962 Table listing de nitions Table listing de nitions contained in the Income Tax Act, Value-Added Tax
Act and Tax Administration Act
Income Tax Act
Value-Added Tax Act
Tax Administration Act
accrual amount (s 24J)
accrual period (s 24J)
acquired company (s 23N)
acquiring company (ss 23K & 23N)
acquisition rate (s 24I)
acquisition transaction (ss 23N & 24P)
active business asset (8th Sch para 57)
additional assessment (s 1)
adjudication committee (s 12I)
adjustable cost / adjustable cost price / adjustable estimated cost price (ss 14 & 14bis) – repealed
adjusted cost (s 1)
adjusted gain on transfer or redemption of an instrument (s 24J)
adjusted IFRS (s 29A)
adjusted initial period (s 24J)
adjusted loss on transfer or redemption of an instrument (s 24J)
adjusted taxable income (ss 23M, 23N & 23O)
administration of this Act (s 74) – repealed
administration of this Act (ss 57, 57A, 57B, 57C, 57D & 58) – repealed
administration of a tax Act (ss 1 & 3)
‘administrative non-compliance penalty’ (s 1) & (in ss 208 to 220 (Ch 15), also ‘penalty’)
adult basic education and training (9th Sch Part II para 3)
advance ruling (ss 75 to 90 (Ch 7))
advance tax ruling (s 76B) – repealed
affected asset (ss 12D & 23A)
affected contract (s 24I)
affected share (s 9B) – repealed
affected transaction (s 31)
agent (s 1)
aggregate capital gain (s 1)
aggregate capital loss (s 1)
agreement (s 24G)
agricultural co-operative (s 27)
airport asset (s 12F)
SAIT CompendIum oF TAx LegISLATIon VoLume 1 433
INCOME TAX ACT – DEFINITIONS